2960 Arbutus Hill Road, Unknown_OutOfState, Michigan

$3,800,000

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22

Baths

About 2960 Arbutus Hill Road

Location, easy-access, high visibility, and income potential all come together in this unique Northern Michigan property. Located 8 miles south of Cherry Capital Airport, this property offers 36 acres + with 18 furnished rentals including 1, 2, and 3-BR units - in addition to a four-bedroom main residence on-site with attached apartment. This is an exceptional opportunity for investors, short-term rental buyers, or developers looking for prime real estate in one of Michigan's most popular year-round tourist destinations - Traverse City. The existing units provide the foundation for a resort, vacation rental community, corporate retreat, extended-stay property, special event venue, or other income-producing ventures.With direct frontage right on Garfield Rd, this property offers offers high-visibility and easy-access for commercial uses - such as retail or office space - or businesses providing services to travelers - including restaurants, motels, convenience stores, etc. (subject to local zoning and use permits). Guests can enjoy the award-winning restaurants, wineries, and festivals right in Traverse City - which has become known worldwide as a highly-desired tourist destination - then retreat after their busy day of sight-seeing to their private comfortably furnished unit in a peaceful country setting. This property is conveniently located near the Brown Bridge Quiet Area and Trailhead, the Arbutus Chain-of-Lakes, and parks, which offer year-round recreational opportunities - including hiking, fishing, canoeing, snowmobiling, birdwatching, and more. ??? The Flintfields Horseshows - Williamsburg, MI - 16 Miles ??? Interlochen Arts Academy - 21 Miles ??? Sleeping Bear Dunes - 48 Miles ??? Marina in the heart of downtown Traverse City - 12 Miles ??? Turtle Creek Baseball Stadium - 13 Miles ??? Turtle Creek Casino - Williamsburg, MI - 16 Miles ??? Mackinac Bridge - 124 Miles

Features of 2960 Arbutus Hill Road

MLS® # 65026017794
Price $3,800,000
Bathrooms 22.00
Acres 0.00
Year Built 1955
Type BusinessOpportunity
Sub-Type BusinessandRealEstate
Status Active

Community Information

Address 2960 Arbutus Hill Road
Area Area28051EastBayTwp
City Unknown_OutOfState
State Michigan

Amenities

Utilities ElectricityConnected, PhoneConnected, Propane
Is Waterfront No
Has Pool Yes

Interior

Heating ForcedAir, Propane, Wood
Fireplace Yes

Exterior

Roof Metal
Construction Frame, WoodSiding

School Information

District TraverseCity
High TraverseCity

Additional Information

Zoning Other
Foreclosure Yes
Short Sale Yes
RE / Bank Owned Yes

Listing Details

OfficeTraverse City Realty

Listing Map

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